Fitch Downgrades U.S., Citing ‘Erosion of Governance’

A.M. Edition for Aug 2. Fitch has downgraded the U.S. credit rating to AA+ after warning about a growing debt burden and political dysfunction in Washington. WSJ finance editor Matthew Thomas explains the significance and how markets are reacting. Plus, Sadie Gurman breaks down the latest criminal indictment against Donald Trump. And Spencer Jakab considers whether Tupperware is the next meme stock. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices